The analyst added that the MVRV indicator recently surpassed the 365-day average and is now above the 4-year average, which often mirrors Bitcoin’s cycle. “This suggests that the upward trend remains intact, and generally, the cycle peak tends to occur when the MVRV reaches levels between 3 and 3.6,” CoinLupin emphasized.
He claims a 43-77% increase is critical for the MVRV ratio, assuming the Realized Value (RV) remains constant. When applied to Bitcoin, this translates to a target of $95,000 to $120,000. The analyst further noted that the RV is expected to rise as the market progresses with fresh demand. Considering previous cycles, he believes a peak may form above these zones.